Solar Panel Cost Guide in Meridian, PA (2025 Update)
- Meridian Solar Installation Cost: $17,361
- 25-Year Savings: $12,463
- Payback Period: 17.4 Years
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Average Cost of Solar Panels in Meridian
Let’s have a look at the average cost of solar panels in Meridian.
The national average cost of solar panels is $2.66 per watt, but in Meridian it’s 4 per watt.The average Meridian homeowner needs a 7.0-kilowatt system, which would cost about $17,361 with the federal tax credit, or $24,826 before the 0 tax credit is applied.
How much you pay can go higher or lower than the average in Meridian based on a variety of factors, such as the model of solar panels you choose and the solar company you hire.For most homeowners, the upfront investment in solar panels is worth paying. On average you could be looking at about $14,000 in savings on electricity bills over 20 years.
Click the button below to get connected to a reputable solar company in Meridian for a custom quote.
Solar savings over time in Meridian
| Year | Return on Investment |
|---|---|
| 1 years | $-16,058 |
| 3 years | $-13,452 |
| 5 years | $-10,846 |
| 7 years | $-8,241 |
| 9 years | $-5,635 |
| 11 years | $-3,029 |
| 13 years | $-423 |
| 15 years | $2,182 |
| 17 years | $4,788 |
| 19 years | $7,394 |
| 21 years | $10,000 |
| 23 years | $12,605 |
| 25 years | $15,211 |
Top Solar Installers in Meridian
Although you can install solar panels on your own, it takes extra time and handiness. That's one of the reasons most homeowners choose a solar panel installer. Some solar companies, particularly local ones, can help you take advantage of incentives in Meridian, thereby optimizing your ROI.
If you're on the hunt for a solar installer in Meridian, the EcoWatch team has put together a list of our top suggestions here:
See all of the solar companies in Meridian
Factors that Affect Solar Panel Costs in Meridian
While the average cost of a solar system in Meridian is $17,361, your actual cost may differ. There are several factors that can have a sizable impact on the cost of a solar system installation. Below are some of the more important things to keep in mind.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to spend around $3,550 per kilowatt in Meridian.The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more in the long run on your energy bills. Additionally, add-on products, like solar batteries, can bump up your total well above the Meridian average.
Solar Financing Terms
Most solar installers in Meridian have solar loans, which reduce your upfront costs of installing a solar system.However, the interest on solar loans also increases your overall costs, so it’s important to consider that as well. You can always lower the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The solar installation company you choose will impact your total cost to make the switch to solar power. Different companies will bill different amounts for the equipment and labor.You may come across national solar installers that have lower prices because of their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials to compete with those major players.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.69 | $15,506 | $5,907 | 18.1 years |
| 8 kW | $3.62 | $20,278 | $8,274 | 17.8 years |
| 10 kW | $3.55 | $24,850 | $10,840 | 17.4 years |
| 12 kW | $3.48 | $29,224 | $13,604 | 17.1 years |
| 14 kW | $3.41 | $33,398 | $16,567 | 16.7 years |
| 16 kW | $3.34 | $37,374 | $19,729 | 16.4 years |
| 18 kW | $3.27 | $41,152 | $23,090 | 16.0 years |
| 20 kW | $3.19 | $44,730 | $26,649 | 15.7 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you select the right company for you, here are some tips to keep in mind:
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Warranty: If you’re concerned about the endurance of your solar system, checking if your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Contract: It’s important to read through your solar installer’s contract carefully to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
- Solar Panel Brands: The brand of solar panel you want plays a part in which company you should opt for, since different companies have access to different panels.
EcoWatch's Meridian, PA Solar Cost FAQs
How much does it cost to install solar panels in Meridian?
The average cost of solar panels in Meridian is about $17,750 for a 5-kW system and $35,500 for a 10-kW system before the ITC, but the real cost will depend on things like the model of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Meridian?
Solar panels aren’t free in Meridian, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
How will solar panels impact my property value?
Solar panels can increase the value of your home considerably as long as you buy or finance your panels and don’t opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy consumption and the amount of sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to cover their typical energy usage.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.